As can be seen from North Data data, the fashion company has again shown a profit again in the current consolidated financial statements since 2019: the annual surplus according to HGB is 132,115 euros.
In previous years, S.Oliver had to deal with considerable financial losses. In 2020 the minus amounted to around 58 million euros, in 2022 the shortfall reached a sad maximum with over 150 million euros. In 2023, the company also remained in the negative area with just under EUR 50 million. However, the current development shows that restructuring measures and strategic new facilities are gradually being paid out.
The return to the profit zone – albeit still at a low level – is a positive signal for the company, its employees and business partners. Whether the slight profit marks the beginning of a sustainable recovery will be shown in the coming years.
